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RBA Glossary definition for offer

offer – Price offered to buyers.

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Appendix E: Model Regressors for Predictive Model

11 Sep 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
Excluded. Household size. Number. Excluded. Card-related. Premium card. Boolean; 1 where primary card is a premium card (offers prestige services and/or contains premium branding).
https://www.rba.gov.au/publications/rdp/2015/2015-03/appendix-e.html

Introduction

11 Sep 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
the greatest benefit once costs are taken into account). Consumers are likely to value different payment methods based on their features; for example, cash may offer greater privacy, while the use ... We outline a model in which consumers choose the
https://www.rba.gov.au/publications/rdp/2015/2015-03/introduction.html

Data

11 Sep 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
In the Australian market, institutions issuing credit cards typically offer a number of card product categories that involve different mixes of card features. ... Most financial institutions offer zero interest balance transfers for individuals switching
https://www.rba.gov.au/publications/rdp/2015/2015-03/data.html

Conclusion

11 Sep 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
On average, respondents have a higher willingness to pay for credit cards than debit cards, reflecting the fact that these cards often offer rewards, interest-free periods and access to credit.
https://www.rba.gov.au/publications/rdp/2015/2015-03/conclusion.html

Distribution of Willingness to Pay for Card Payments

11 Sep 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
This distribution accords with intuition. In Australia, debit cards do not generally offer any features other than enabling electronic funds transfer at the point of sale. ... e. the merchant would need to offer a discount for the use of cards to entice
https://www.rba.gov.au/publications/rdp/2015/2015-03/distribution-willingness-pay-card-payments.html

Willingness to Pay for the Use of Credit Card Features

11 Sep 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
Footnotes. Ching and Hayashi (2010) also consider a third source of endogeneity; that consumers who use credit cards more frequently may receive pre-approved offers to join rewards programs.
https://www.rba.gov.au/publications/rdp/2015/2015-03/willingness-pay-use-credit-card-features.html

Estimating Consumer Surplus under Various Surcharging Scenarios

11 Sep 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
An individual behaving rationally will choose to use the payment method that offers the greatest net benefit, i.e.
https://www.rba.gov.au/publications/rdp/2015/2015-03/estimating-consumer-surplus-surcharging-scenarios.html